Anne Arundel County Executive Stuart Pittman and AAEDC President and CEO Amy Gowan join the latest group of executives to graduate from AAEDC's Inclusive Ventures Program (IVP) and their business・Celebrated the success and growth of the accelerator and all past graduates. The 2nd Annual IVP Social will be held on Friday, December 1, 2023.
“I have often said that IVP is one of the most impactful programs implemented during my administration, and tonight powerfully proves that claim.” said Pittman. “This initiative helped create hundreds of new jobs and generate millions of dollars in new revenue by giving 100 small business owners the tools to grow their businesses. . So Congratulations We would like to thank the 12 members of this ninth class and all 100 IVP graduates for their contributions to strengthening Anne Arundel County's economy. ”
“The 100 business owners who completed the IVP represent the best in grassroots economic development, and we look forward to continuing to grow local businesses, including offering the program in Spanish in June 2024.” added Mr Gowan.
The IVP Social was held after Pitch Day, where the 12 members of Group 9 each presented their business growth plans to a panel of expert judges. This included County Executives Pittman and Gowan presenting each graduate with a certificate of completion and a $5,000 check to be used as working capital.
County Executives Mr. Pittman and Mr. Gowan also presented the inaugural IVP Awards for Ambassador of the Year and Business of the Year to two IVP alumni, Monica James and Jeremiah Batukan. was awarded.
James, owner of Lily's Place, an assisted living facility in Glen Burnie, has been raising awareness and advocating for IVP, including introducing the IVP program to seven managers since graduating in April 2023. In recognition of his achievements, he received the Ambassador of the Year Award.
Batukan received the Business of the Year award for the growth of Peake Social, an adult social sports league based in Annapolis. The business grew 100% year over year from his 2021 to his 2022, and in 2023 he donated more than $17,000 to local nonprofits on behalf of league members. Ms. Batukan volunteers to support local causes, including hosting Anne Arundel County's first Asian American and Pacific Islander Heritage Festival.
IVP has expanded from two cohorts in 2021 and 2022 to five cohorts in 2023, thanks to the support of many sponsors and elected officials. BGE and the Maryland Small Business Development Center will support the program with sponsorships of $75,000 and $25,000, respectively, in 2023, and M&T Bank has also signed on as a sponsor. Anne Arundel County pledges more than $1 million in coronavirus relief funds to IVP, followed by Sen. Chris Van Hollen and Sen. Ben Cardin securing $1.65 million in additional federal funding in 2022 .
This support enabled AAEDC to continue IVP through 2027, allowing it to reach more business owners as well as further measure its impact.
All IVP graduates will be asked to complete a short survey 18 months after completing the program. According to these studies, her 31 business owners who participated in Cohorts 1-3 created a net 115 jobs and generated more than $7.8 million in revenue. Additionally, 13 of the 31 companies took advantage of his additional AAEDC programs and resources, and 11 of the 31 companies physically expanded their operations.
Looking ahead, AAEDC plans to host four sessions of IVP in 2024. This includes, for the first time, a Spanish-language version of Anne Arundel County and his AAEDC, reflecting Anne Arundel County and his AAEDC's shared commitment to making business resources more accessible to traditionally underserved business owners. Contains programs. In January 2021, he introduced IVP by AAEDC to support small, minority-owned, women-owned, and veteran-owned businesses in Anne Arundel County by providing business education, access to capital, and mentorship. It is intended to support you. For more information, please visit our Inclusive Ventures program page.
About Anne Arundel Economic Development Corporation
Founded in 1993, the Anne Arundel Economic Development Corporation (AAEDC) is a 501(c)(3) organization based in Annapolis, Maryland. AAEDC's mission is to serve as a catalyst for business growth in Anne Arundel County, thereby increasing employment opportunities, expanding the tax base, and improving the quality of life for residents. To that end, we offer numerous services to the public, including financing, site selection assistance, permitting and zoning guidance, workforce development assistance, community revitalization, market research, and small business counseling and resources. . On a larger scale, AAEDC plays an important role in strengthening the county's commercial districts, improving infrastructure, and growing and promoting business sectors such as technology, agriculture, and maritime. If you would like to learn more please visit: www.aaedc.org.
Inclusive Venture Program (IVP) Cohort 9
- Susannah Anderson, SRAM, Hannover
- Tiffany Backus, Intuitive Trucking, Glen Burnie
- LaRhonda Edwards, Unlimited Solutions Adult Care 1-2-3, Glen Burnie
- Theresa Egley, Integrity Construction Group, Inc., West River
- Jaylene Fonseca, Jesse J's Company, Churchton
- Bryant Harris, Harris Chiropractic Care, Annapolis
- Christopher Itnyre, Police Protection Services, LLC, Pasadena, Pasadena
- Lauren Jenkins, The Journey 2 Well, LLC, Annapolis
- Angela Quesada, Blendabowl, LLC, Glen Burnie
- Katherine Shivers, Strata Language Services, Hanover
- Di-Jae Smith, Smith Capital, LLC, Annapolis
- Jeanne Ward, Applied Archeology and History Associates, Crofton